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Mortgages on the Rise. At Least for Lenders.

 

According to a recent report, the UK has seen growth in the number of mortgages for non-standard borrowers, such as for buy-to-let landlords and lifetime mortgages. Since 2009, there has been a 19% increase each year to the value of the mortgage lending companies annual lending. These companies have seen their lending amounts increase to £17 billion per year in 2016, a significant increase on the £5 billion that was recorded in 2009.

The specialist lenders are said to be in a very strong position despite the previous ever changing nature of the market, and that they are capturing the ongoing growth in the number of the UK’s non-standard borrowers that mainstream lenders may not look to work with.

Read the full introspective article that explains the growth in mortgages the UK is seeing lately on Property Division.

https://www.propertydivision.co.uk/uks-specialist-lenders-see-non-standard-mortgages-growth/